Ceded Reinsurance Claims Analyst

About the role

CNA Insurance is hiring a Ceded Reinsurance Claims Analyst for its Corporate Reinsurance organization, within the Treaty Administration Team. Under broad supervision, this role analyzes and reconciles reinsurance premiums, processes payments, and compiles bordereaux under a variety of reinsurance treaties related to underlying books of insurance policies. The work draws on data from several underwriting and accounting systems.

Responsibilities

• Work on ceded reinsurance premiums under treaties for payment of outstanding ceded payables due reinsurer markets.
• Research, interpret, and analyze specific facts, applying insurance and reinsurance concepts to understand coverage and liability issues.
• Assist with recovery of reinsurance treaty account balances by communicating with reinsurers and brokers about payment.
• Monitor errors and aging of outstanding reinsurance balances.
• Recommend corrective actions with internal business partners to resolve anomalies.
• Support the treaty team in clearing sub-ledger payable and receivable balances.
• Contribute recommendations for process improvements on reinsurance treaty accounts.
• Complete quarterly SOX requirements on treaty program process flows.
• Assist with claim audit preparation as required by internal audit guidelines.
• Monitor activity in multiple reinsurance email boxes to ensure prompt response.

Requirements

The role calls for solid data management, Microsoft Excel, financial reconciliation, and/or accounting skills.

Key facts

• The role is part of CNA Insurance’s Corporate Reinsurance organization, within the Treaty Administration Team.
• The work includes reconciling and processing reinsurance premiums under treaties.
• The role calls for solid data management, Microsoft Excel, financial reconciliation, and/or accounting skills.